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Why Americans are about to face ‘enormous’ economic repercussions from the Russia-Ukraine war

Posted on AllSides April 11th, 2022
From The Center
David Zalubowski, Associated Press

There will be “enormous” economic repercussions in the United States from Russia’s invasion of Ukraine in the near future, Treasury Secretary Janet Yellen said Wednesday.

Details: Yellen told the House Financial Services Committee that Russia’s invasion will impact global trade and the flow of food and energy.

  • The repercussions will begin as the U.S. and European sanctions on Russia take shape, according to Fox Business.
  • She said the ban on Russian oil imports will send energy prices skyrocketing, per Reuters.

What she said: “Russia’s actions represent an unacceptable affront to the rules-based, global order, and...

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